Chinese shares continued to plummet Tuesday after Monday's tumbles amid lingering concerns over interest-rate hikes and a possible economic slowdown upon impact from the U.S. recession, with almost all the stocks closing lower.
The benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed at 3,668.90 on Tuesday, down 151.15 points, or 3.96 percent, from the previous close.
The Shenzhen Component Index on the Shenzhen Stock Exchange ended the daily trading at 12,489.02, a slump of 718.76 points, or 5.44 percent, from the previous trading day.
The Hushen 300 Index tracking the performance of both Shanghai and Shenzhen stock exchanges closed at 3,763.95 on Tuesday, tumbled 201.33 points, or 5.08 percent.
Combined turnover on the two bourses amounted to 119.12 billion Yuan (16.8 billion U.S. dollars) on Tuesday, up from the 109.5 billion yuan on Monday.
Losses outnumbered gains by 831 to 17 in Shanghai and by 659 to 10 in Shenzhen.
Source:Xinhua
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